Management and technology consultancy BearingPoint extends its portfolio in Asset Based Consulting.
Frankfurt, December 19, 2013 – Management and technology consultancy BearingPoint acquires, with effect as of January 1, 2014, German based RiValue GmbH. RiValue is specialized on the development of software solutions for risk management and regulatory reporting in the financial services industry. Among its clients are leading German financial institutions.
With this transaction BearingPoint fosters its strong Asset Based Consulting services, in particular its renowned ABACUS product portfolio which is already used by several leading banks (for Basel III requirements) and insurance companies (for Solvency II requirements) across Europe. The investment in the leading-edge technology of RiValue opens new opportunities to BearingPoint to extend its solution portfolio in the fast-growing field of risk management and reporting with market-specific applications.
„RiValue and its products complement our service and software portfolio in regulatory reporting for the financial industry. Thereby, we extend our regulatory value chain, and our clients will most certainly benefit from this“, says Thomas Sauer-Brabänder, Partner at BearingPoint.
„I am very pleased with BearingPoint’s investment in our company. With this we get a better access to market, the opportunity for internationalization as well as capital for further product innovations”, says Dr Werner Gothein, CEO of RiValue.
RiValue will work as an independent entity within the BearingPoint group and continue to operate under the name RiValue with Dr Werner Gothein as chairman of the board.
BearingPoint consultants understand that the world of business changes constantly and that the resulting complexities demand intelligent and adaptive solutions. Our clients, whether in commercial or financial industries or in government, experience real results when they work with us. We combine industry, operational and technology skills with relevant proprietary and other assets in order to tailor solutions for each client’s individual challenges. This adaptive approach is at the heart of our culture and has led to long-standing relationships with many of the world’s leading companies and organizations. Our 3350 people, together with our global consulting network serve clients in more than 70 countries and engage with them for measurable results and long-lasting success.
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